The issue of corporate indemnification has become especially pitched at Goldman, which is mired in several prominent cases.
The last two issues, the question of indemnification and of Sakhalin Island, which the Japanese had seized from the Russians, nearly caused the entire proceedings to fail.
The issue of unsolicited advertising and credit card indemnification will also be addressed.
Menem then passed, by Presidential decree, the "law of indemnification".
"So the Transit Authority demanded an enormous amount of indemnification, and that took millions of dollars with a consortium of companies and backstage deal-making.
Whether that argument can succeed remains to be seen, and asserting this ground would generate additional litigation over the availability of indemnification – for which the company might also have to pay for his lawyers, too.
Some companies have insurance against insurance in the form of indemnification trusts, which are drawn upon only when a director is facing expenses related to a lawsuit.
(Red Hat, meanwhile, this week sued SCO for trash-talking its Linux product. See Red Hatt's Mad Matt Vs. Humongous SCO Lawsuit").. Linux's lack of indemnification is an exception to standard industry practice.
Caps are typical of any sort of indemnification, whether it be warranties, insurance policies, buyer protection or numerous other structures for risk amelioration that typically appear in auction markets.
After first introducing the idea of indemnification, I explained the role warranties and representations play in risk allocation.
